Historic Downtown Apartment
215 E 3Rd Street, Marion, IN 46952
For Sale
$2,500,000
INVESTMENT, Multi-Story (3+), Marion, IN
Property Size7,053 SF
Lot Size0.40 Acres
Price / SF$354.46
Days on Market184
Property Features for 215 E 3Rd Street
General Information
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Elementary school
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Listing Agency:
Continental Real Estate Group
(877) 996-5728
Listed By:
Derek Eisenberg
(201) 803-5250
Added: May 11
Changed: Oct 30
Last Checked: Nov 10 at 3:06AM
MLS# 202617624
Copyright © 2026 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1904, this 7,053-square-foot apartment property at 215 E 3rd Street includes 11 two-bedroom apartments, 11 one-bedroom apartments, one studio, and one office. Wood and tile flooring and central air are among the building’s existing features. Five furnished apartments—four one-bedroom units and one two-bedroom unit—are configured for extended-stay or short-term rental use.
The property sits in downtown Marion within the Riverfront District, near the YMCA, local restaurants, and small businesses. Its 0.4-acre site also includes basement space that can accommodate a bar or restaurant, with a liquor license available.
The property sits in downtown Marion within the Riverfront District, near the YMCA, local restaurants, and small businesses. Its 0.4-acre site also includes basement space that can accommodate a bar or restaurant, with a liquor license available.
Key Highlights
- 11 two‑bedroom apartments and 11 one‑bedroom apartments
- One studio and one office space included
- Five furnished apartments: four one‑bedroom units and one two‑bedroom unit
Property Analytics
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Lease Details
23
Residential units
Location Intelligence
Trade Area within ½ mile
839
Businesses Nearby
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Business Placement
Demographics for 46952, IN
18,996
Population
8,832
Households
2.2
Avg Household Size
46
Median Age
25%
College-Educated
89%
High-School Grad
105.5 sq mi
ZIP Area
180
Density / Sq Mi
$53,481
Median Household Income
$39,246
Median Earnings
$785
Median Rent
$129,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Apartment building - Multi-unit property with furnished residences, an office, and basement space suited to bar or restaurant use.
Where is this apartment building located?
The property is located at 215 E 3Rd Street Marion, IN.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 11 two‑bedroom apartments and 11 one‑bedroom apartments; One studio and one office space included; Five furnished apartments: four one‑bedroom units and one two‑bedroom unit
